Top Trading Ideas For Fed Day (AGN, COT, KORS, EMKR, ICLR)

4.  ICON PLC (ICLR): This stock chart has a similar price structure to EMKR above. The odds are that ICLR will continue higher through 80.

5.  Michael Kors Holdings (KORS): When looking across the universe of stocks, it’s hard to believe that Michael Kors (KORS) was a $100 stock last year. After a brutal 60% decline the price action may be suggesting that “enough is enough.” Over the past four months, KORS has put in a constructive bottoming pattern, which looks like a combination of a double bottom and an inverse Head and Shoulders. Regardless of the exact classification, it looks like it is ready to push toward 49-50 and then possibly into that massive gap toward 60.

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No position in any of the mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.